To make a profit, Western Union will charge up to 6% on top of your transaction.
How much can you make as a Western Union agent?
Western Union Salary FAQs The average salary for a Sales Agent – Financial Services is $49,151 per year in United States, which is 39% lower than the average Western Union salary of $81,470 per year for this job.
How does Western Union make money?
Western Union also makes money from currency exchange. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates and taxes may vary by brand, channel, and location based on a number of factors.
What can you do with a Western Union franchise?
The Western Union Franchise or Money Transfer Agent system allows you to earn your income from the accumulated commission you make from every money transfer transaction made in your branch.
Do you pay a fee for Western Union?
That’s very simple. Every time a customer sends a Western Union money transfer through your branch, they also pay a transfer fee for the service. As a Western Union agent, you will earn a commission on the transfer fee for every transaction that goes through your branch.
What are the exchange rates for Western Union?
Unfavorable exchange rates will lead to less money going to your recipient and more to Western Union. Exchange rates offered by Western Union can be as high as 20% — worse than the mid-market rate. So be sure to shop around when sending large amounts of money. Maximum transfer limits You can send a maximum of $2,500.00 per online money transfer.
How long does it take to receive Western Union cash?
With Western Union, your recipient can collect the cash you send by: Cash pickup. Cash transfers sent online, by phone or in person are available for pickup within minutes at any number of agent locations worldwide. Transfers from your bank account can take one to three days to arrive.
